Imagine a world where the government would serve as gatekeeper, where you’d need a federal id to get a job, to open a bank account, to make a purchase. Imagine a world where you are a slave to the government’s whims.
In April 2016, more than 100 executives from some of the world’s largest financial institutions gathered for a “secret” meeting at the Times Square Offices of Nasdaq, Inc. to discuss turning U.S. dollars into pure digital assets, a move we’re already seeing all over the planet.
In Sweden 95% of all retail transactions are now cashless and Denmark has a stated goal of becoming cashless by 2030. In Norway, the biggest bank has publically called for the complete elimination of all cash. Cash transactions of more than 2,500 Euros are already banned in Sprain. France and Italy have banned cash transactions of more than 1,000 Euros. A large portion of cash transaction in the U.S. are reported to the FBI in what we are told is a method of stopping drug dealers, tax evaders, terrorists and money launderers.
A recent article in the WSJ by Harvard professor Kenneth Rogoff argued that the U.S. government should eliminate large bills – $100 and up – because they fuel corruption, terrorism, tax evasion, illegal immigration, drug and human trafficking, ad nauseam. Of course this left-wing nut also wants the government to give central banks more power to control our monetary system because cutting interest rates and keeping rates low is a stimulus that gives people an incentive to borrow (go deeper into debt); and drives up stock prices (benefiting mainly the wealthy) and housing prices (costing the average homeowner higher real estate taxes and insurance rates). In short, according to Professor wing-nut, people will feel wealthier and spend more (like the federal government). You can read Dan Mitchell’s 4 part article on The War Against Cash at this link.
While digital currency may be convenient, it also makes it easier to subject honest working people to draconian tax collections by, not only our ‘beloved’ IRS, but world government bodies. Central planners and big government cheerleaders the world over want, need, and must have unlimited access to credit to enact their power seeking agendas.
The Paris based Organization of Economic Cooperation and Development (OECD), in their 31 page report “Towards Global Tax Cooperation,” said that low-tax countries created “harmful” competition among higher tax member nations and asked member nations to pressure low-tax countries to unwind their low-tax, pro-growth policies in an effort to be “fair” and harmonize tax structures, even going so far as using the sales pitch of fighting money laundering to pressure nations to repeal their financial privacy laws.
In 2002 OECD introduced yet another 171 page report, “The Future of Money,” that basically says a cashless society will “make it easier for government to collect taxes.” And, in 2005 UN bureaucrats, using a string of euphemisms, opened the door for a direct tax on world citizens in the “Draft Outcome Document of the High Level Plenary Meeting of the General Assembly.” The 39 page revised document can be read here.
Treasury Secretary Tim Geithner, in written testimony prepared in 2012 for the House Committee on Appropriations, outlined how his department would save $286 million in one year by changing the materials that go into our coins, by REPLACING PAPER WITH ELECTRONIC COMMUNICATIONS, and consolidating internal agencies.
In the past, the US government has publicly stood firm against giving in to these ridiculous global tax proposals that would force the US to give up sovereignty. But all that could change in a heart beat. Not only do we have a socialist president in full agreement with UN goals but the wealthy elite are pushing the agenda to new heights.
The Bill and Melinda Gates Foundation, long involved with the United Nations socialist goals, are now also promoting digital currency in third world countries. Gates claims that the poor in these countries must have access to mobile phones so they can store their financial assets digitally, instead of keep hard currency at hand. He wrote that “already, in the developing countries with the “right government regulatory” framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards.” And, he is predicting that “by 2030, two billion people who don’t have a bank account today will be storing money and making payments with their phones.”
Lars Seier Christensen, a financial analyst, reminds us that it wasn’t that long ago that the government of Cyprus looted their citizens bank accounts as part of a “bail-in” program with the International Monetary Fund and the EU Central Bank. “If you can do this once, you can do it again. If you can confiscate 10% of a bank customer’s money, you can confiscate 25, 50, or even 100%.” Is there anyone out there gullible enough to believe that these third world governments would hesitate to loot these digit bank accounts at any time? Is there anyone out there gullible enough to believe the U.S. government would hesitate to do the same?
According to Joseph Salerno, an Austrian economists, “under cover of its multiplicity of fabricated wars on drugs, terror, tax evasion, and organized crime, the U.S. government has long waged a war on hidden cash, making cash transactions extremely inconvenient“, forcing Americans to make much greater use of electronic payments. And for what purpose? It is far easier to track and monitor the economic affairs of its citizens.
There are no real benefits in a cashless society for the average person. The we are the world crowd that want a cashless society will fill your head with how expensive it is to store, handle and create cash and the expense involved in minting coins. What they will never admit is that this is the fault of central bankers and their pro-inflation policies so eliminating coins or digitizing them won’t solve that problem. So, they wrap the idea up in a pretty package of time-savings convenience, like they really care.
What they won’t tell you! In a cashless world, your financial privacy goes down the toilet. In a cashless society all that is required to shut down your accounts, to separate you from your money, is a click of a button. When your phone is dead and electricity is out, when banks are closed, when there is a natural disaster or other emergency situation, a cashless society can become a gridlocked very quickly.
So the next time you see those cute commercials espousing the joys of a cashless society, just remember, they’re not for your convenience, they just make it easier for hackers, the government, international organizations and the United Nations to steal everything you have.
Today’s bank robbers, don’t need a gun and a mask – they just use a mouse and a keyboard.